September 26, 2018 / 8:07 PM / 19 days ago

BlackRock's Rieder sees only about 2 U.S. rate hikes in 2019

NEW YORK, Sept 26 (Reuters) - BlackRock Inc's top bond investor Rick Rieder said on Wednesday the U.S. Federal Reserve will tighten monetary policy only twice or so in 2019, countering what he says is an excessive consensus expectation in the market.

The remarks, in an emailed note, came after the Fed raised rates as expected but also forecast another rate hike in December, three more next year, and one increase in 2020. (Reporting by Trevor Hunnicutt; Editing by David Gregorio)

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